According to an ad in the Evening Bulletin, June 19, 1926, Crestmont Farms was originally a 40-acre (16 ha) farm that was divided into 70 single home sites. Thomas R. Coale (spelling?) was the developer and president of the Crestmont Farms Improvement Company.

Nearby Frankford Hospital Torresdale Campus was the site of the summer home of Saint Katherine Drexel's family, of which the original structure remains; the area of Crestmont Farms was part of that estate.